A Lancashire company, which has developed an innovative software platform for the aerospace and advanced manufacturing sectors, is set to expand with help from a £60,000 loan from Lancashire’s County Council’s Rosebud Finance.
Valuechain.com provides software to help companies manage their supply chain and improve performance.
The company, based in Preston, has won multiple innovation grants to help develop its products and is now working with clients including Bentley Motors and Bombardier Aerospace.
The Rosebud funding will allow it to deliver its current projects and create 10 more jobs within the next three years.
Valuechain.com was set up in 2010 by Tom Dawes and Haifeng Guo. Tom, a serial entrepreneur with 17 years’ experience in the aerospace sector, was involved in the 2012 takeover of Preston-based Redthorn to create the DNA Agile Group.
He will now focus on developing Valuechain.com but will continue to collaborate with DNA Agile.
Tom said: “Our software allows manufacturing organisations to manage their supply chains, access performance data and collaborate with global partners as one extended enterprise. The Rosebud funding will help us to commercialise the technology and accelerate our expansion plans.”
Rosebud is managed by Enterprise Ventures.